Airports of Thailand sees nine-month commercial revenue climb
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Airports of Thailand saw non-aeronautical revenue climb 21.34% to Bt3.83bn ($107m) in the first nine months of 2016, mainly as a consequence of an increasing number of flights and passengers.
Revenue generated from duty-free sales increased by Bt934m, with the majority of non-aeronautical attributed to concession revenues. Non-aeronautical revenue represented also 43% of the total revenue share.
Concession revenue represented Bt13.62bn in the nine months of 2016, up 16.1% year-on-year from the Bt11.73bn registered in the same period of 2015.
Total revenues grew by Bt7.27bn up to September 30 this year, while generating net profit of Bt19.57bn, up Bt842m or 4.5% from the same period last year.
Questions & Answers
Q.What proportion of Airports of Thailand's total revenue comes from non-aeronautical sources?
What proportion of Airports of Thailand's total revenue comes from non-aeronautical sources?
Non-aeronautical revenue accounted for 43% of the total revenue share. This income stream, which includes duty-free and concession revenues, contributed significantly to the overall financial performance.
Q.How much did concession revenues increase by year-on-year in the first nine months of 2016?
How much did concession revenues increase by year-on-year in the first nine months of 2016?
Concession revenue rose by Bt1.89bn, from Bt11.73bn in 2015 to Bt13.62bn in the first nine months of 2016. This represents a 16.1% increase compared to the previous year.
Q.What was the main reason for the rise in non-aeronautical revenue?
What was the main reason for the rise in non-aeronautical revenue?
The primary cause for the increase in non-aeronautical revenue was an growing number of flights and passengers. This boosted various income streams, including concession and duty-free sales.
Q.By how much did duty-free sales revenue increase during this period?
By how much did duty-free sales revenue increase during this period?
Revenue generated from duty-free sales increased by Bt934m in the first nine months of 2016. This contributed to the overall growth in non-aeronautical revenue for Airports of Thailand.
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